British Land (LON:BLND) Insider Purchases £149.76 in Stock

British Land Company PLC (LON:BLND) insider Simon Carter acquired 36 shares of the stock in a transaction that occurred on Tuesday, July 14th. The stock was purchased at an average price of GBX 416 per share, for a total transaction of £149.76.

Simon Carter also recently made the following trade(s):

• On Monday, June 15th, Simon Carter purchased 36 shares of British Land stock. The shares were purchased at an average price of £417.20 per share, with a total value of £15,019.20.
• On Thursday, May 14th, Simon Carter bought 39 shares of British Land stock. The shares were acquired at an average cost of GBX 377 per share, for a total transaction of £147.03.

British Land Stock Up 1.0%

Shares of LON BLND opened at GBX 440 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.25 and a debt-to-equity ratio of 52.34. The company has a 50-day moving average of GBX 405.46 and a 200 day moving average of GBX 397.26. The stock has a market cap of £4.51 billion, a PE ratio of 9.71, a P/E/G ratio of 6.76 and a beta of 1.18. British Land Company PLC has a 12-month low of GBX 318.60 and a 12-month high of GBX 443.80.

British Land (LON:BLND) last posted its quarterly earnings results on Wednesday, May 20th. The company reported GBX 28.90 EPS for the quarter. British Land had a return on equity of 7.73% and a net margin of 86.48%.The firm had revenue of £523 million during the quarter. As a group, sell-side analysts predict that British Land Company PLC will post 29.375 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BLND has been the topic of several recent analyst reports. UBS Group restated a “neutral” rating and issued a GBX 440 price objective on shares of British Land in a report on Monday, May 18th. JPMorgan Chase & Co. lowered their target price on shares of British Land from GBX 440 to GBX 430 and set a “neutral” rating on the stock in a research report on Tuesday, June 9th. Stifel Nicolaus reissued a “hold” rating and issued a GBX 410 target price on shares of British Land in a report on Wednesday, May 20th. Berenberg Bank raised their target price on British Land from GBX 531 to GBX 534 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 305 price target on shares of British Land in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 446.44.

British Land Company Profile

Our portfolio of high quality UK commercial property is focused on London Campuses and Retail & London Urban Logistics assets throughout the UK. We own or manage a portfolio valued at £13.0bn (British Land share: £8.9bn) as at 31 March 2023 making us one of Europe's largest listed real estate investment companies. We create Places People Prefer, delivering the best, most sustainable places for our customers and communities. Our strategy is to leverage our best in class platform and proven expertise in development, repositioning and active management, investing behind two key themes: Campuses and Retail & London Urban Logistics.